EIN 38-2435780

Compensation Advisory Organization of Michigan

IRS 501(c) type
501(c)(6)
Num. employees
32
Year formed
1983
Most recent tax filings
2023-12-01
NTEE code, primary
Description
CAOM is Michigan's Workers' Compensation Data Collection Organization, supporting the insurance industry and managing the residual market. Located in Livonia, MI.
Total revenues
$3,548,680
2023
Total expenses
$2,109,688
2023
Total assets
$4,709,210
2023
Num. employees
32
2023

Program areas at Compensation Advisory Organization of Michigan

Caom supported their data collection responsibilities through their unit statistical reporting and financial data call initiatives. Recently, caom instituted a new indemnity data call in order to obtain detailed policy and claim information on indemnity claims that will facilitate estimating the impact of future legislative changes. In addition to the data collection, caom continues promulgating experience modification factors for the industry. Finally, caom serves as the plan administrator for the Michigan workers' Compensation placement facility which provides workers' Compensation coverage for business unable to procure insurance through the voluntary market

Personnel at Compensation Advisory Organization of Michigan

NameTitleCompensation
Paul LipscombVice President , Operations$144,978
Dave BrueckmanPresident$303,982
Jayaraj SubramanianIt Manager$159,467
Michael C TithofActuary Iii$112,340
Alan BurnsSenior Vice President , Chief Actuary$231,711
...and 3 more key personnel

Financials for Compensation Advisory Organization of Michigan

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$3,540,014
Investment income and dividends$25,021
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-23,683
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$7,328
Total revenues$3,548,680

Form 990s for Compensation Advisory Organization of Michigan

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-01990View PDF
2022-122023-09-20990View PDF
2021-122022-10-04990View PDF
2020-122021-11-11990View PDF
2019-122021-06-25990View PDF
...and 10 more Form 990s
Data update history
November 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 18, 2023
Updated personnel
Identified 5 new personnel
October 15, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Business and community development organizationsInsurance companiesEnvironmental organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsState / local level
General information
Address
19500 Victory Dr 475
Livonia, MI 48152
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
caom.com/ 
Phone
(734) 462-9600
IRS details
EIN
38-2435780
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Central organization
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